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CoronadoCompany had net credit sales of $5,013,000 and cost of goods sold of $3,590,000 for the year. The Accounts Receivable balances at the beginning and
CoronadoCompany had net credit sales of $5,013,000 and cost of goods sold of $3,590,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $610,000 and $1,061,000, respectively. The accounts receivable turnover was?
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A. 8.2 times.
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B. 6.0 times.
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C. 3.0 times.
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D. 4.7 times.
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